Ak Steel (aks) On Steel Tariffs For Imports?

Discussion in 'Investment Charts' started by longtermbull, Jul 13, 2017.

  1. ciao

    ciao Senior Investor

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  2. longtermbull

    longtermbull Administrator Staff Member

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    Thanks for that - I think the missed targets by some of the other steel companies shows that it is the future we should focus on. The introduction of tariffs changes the playing field altogether.
     
  3. longtermbull

    longtermbull Administrator Staff Member

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    Price $6.07 @ 27 July 2017

    Looks like this one could be ripe for another run higher?
     
  4. gowiththeflow

    gowiththeflow Senior Investor

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  5. longtermbull

    longtermbull Administrator Staff Member

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    Don't write this one off just yet - watch for a big sell off and then look at grabbing some cheap stock. Just my opinion.
     
  6. gowiththeflow

    gowiththeflow Senior Investor

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    There will certainly be a time to get back into this one - surely Donald Trump cannot afford not to deliver on steel tariffs?
     
  7. longtermbull

    longtermbull Administrator Staff Member

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    This is a prime example of the consequences when politicians meddle in business. Initial high hopes that the company would benefit from steel tariffs introduced by Donald Trump seem to have evaporated, and more!
     
  8. gowiththeflow

    gowiththeflow Senior Investor

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    When politics and business meet there is very rarely a successful outcome. I naïvely assumed that because Donald Trump is a “businessman” he would have the right approach to tariffs and what this might do to certain sectors such as steel. At the moment, it does look as though US trade partners are fighting back in relation to tariffs in a tit-for-tat battle. Companies such as AK Steel are unfortunately caught in the crossfire!
     
  9. Chartman

    Chartman Senior Investor

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    Yet another injured pawn in Donald Trumps political games - shame as the sector should have benefitted if the trade tariff increases had been handled correctly and sensibly.
     
  10. longtermbull

    longtermbull Administrator Staff Member

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    Strong resistance at $4.50. How can these companies plan ahead with strategies, etc when they are currently nothing but pawns in a worldwide game of political poker. Has DT burnt the steel sector for his own good?
     
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